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Listed by Khalid Yarash • CA-RES
$1,550,000
Est. payment /mo
3,854 SqFt
Active
5920 Streamview Drive San Diego, CA 92105
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,854 sqft
Price per Sqft $402
MLS Listing ID CRPTP2407674
HOA Y/N No
Year Built 1964
Lot Size 0.254 Acres
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
Exceptional Investment Opportunity – Fully Occupied Fourplex with Approved Plans for Expansion! Presenting 5920 Streamview Dr., a rare gem in San Diego offering immediate cash flow and incredible value-add potential. This fourplex, built in 1964, features four 2-bedroom, 1-bathroom units with dens, each spanning 963 sq. ft., totaling 3,854 sq. ft. of rentable space. Located in a highly desirable area near parks and schools, this property is perfect for investors seeking stability and growth. The property is fully occupied, generating a current monthly rental income of $9,900. With an annual gross income of $118,800, operating expenses of $23,296, and a net operating income (NOI) of $95,504, the property boasts a solid 6% cap rate. But the potential doesn’t stop there. Approved plans and permits are almost ready and could be transferred for an additional $150,000, allowing for the addition of four new units, creating a total of 8 units. The new plans include: Two 4-bedroom 2-bathroom units (1,195 sq. ft. each) in a 2-story building. Garage conversion into two ADUs: 1 two-bedroom, 1-bathroom unit (548.7 sq. ft.) 1 one-bedroom, 1-bathroom unit (405 sq. ft.) These additions could generate an additional $12,000–$14,000 in monthly income, bringing the total gross annual income to
Location
State CA
County San Diego
Interior
Fireplace No
Laundry No Hookups
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